Vietnam is in the top 15 countries with the potential to sell forest carbon credits, can sell 40 million credits, collecting 5,000 billion

Published 2024년 2월 28일

Tridge summary

Vietnam's forestry industry has experienced significant growth in the past three years, with forest coverage exceeding 42% and a steady increase in production value of 4.6%. The industry is expected to achieve a record export turnover of $17.1 billion in 2022 and has sold over 10 million carbon credits in 2023, earning over $50 million. This success places Vietnam among the top 15 of 60 countries capable of selling carbon credits. Looking ahead to 2024, the Ministry of Agriculture and Rural Development has outlined seven targets and 11 solutions, including completing the National Forestry Planning and assisting agricultural and forestry companies in transitioning from forestry production to forestry economics.

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Original content

According to Deputy Minister of Agriculture and Rural Development Nguyen Quoc Tri, after 3 years of implementing the Vietnam Forestry Development Strategy to 2030, with a vision to 2050, the achievements that the forestry industry has achieved are very great. The effectiveness of the strategy is shown in the numbers: Forest coverage rate is more than 42%; Production value increased steadily at 4.6%, some years higher than 6%; Export turnover continuously sets records, of which 2022 will reach 17.1 billion USD; Revenue from forest environmental services is nearly 11,000 billion VND and trade surplus is nearly 40 billion USD in the last 3 years. "Forestry contributes 30% to the overall production value of the entire agricultural and rural development sector. That is a great source of encouragement for forestry workers and 3.6 million hectares of production forests," Deputy Minister Nguyen Quoc Tri emphasized. Notably, according to Deputy Minister Nguyen Quoc Tri, a bright spot for ...

Source: Danviet